Trade and Endogenous Growth with Ricardo‐Viner Production Technology

Satish Chand

The Economic Record, 1998, vol. 74, issue 224, 15-23

Abstract: This paper derives three main results. First, learning by doing is sufficient to generate endogenous growth under Ricardo‐ Viner production technology. One implication of this result is that policy has a role when agents do not intermalize the dynamic gains from learning. Second, trade is advantageous for a small country and in the case of domestic goods having low elasticity of substitution in final consumption, high human capital content and/or a high learning rate. Third, border distortions in the form of import tariffs can affect pattern of specialization and long‐run growth but only for large economies and under very special circumstances.

Date: 1998
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